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Using surrender money for home improvements or pay off mortgage ?
I'm about to cash in my endowment policy (I've already switched mortgage to repayment 2 years ago). However, my house needs quite a bit of work doing still and I'm tempted to use the cash to improve the house (£7,500). Does this seem madness given how much interest one pays in total on a mortgage ? I think if I pay the…
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2 year mortgage?
We have accepted an offer of £190,000 for our house. We currently owe £22,000 on our mortgage. We have an endowment which matures in August 2008 and should pay £17,000. If we buy a house for £180,000 we are going to have to borrow money. A relative suggested getting a 10 year mortgage with the first two years at a fixed…
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interest only on a high ltv
ive seen a property that if i get it will thinking in my opinion be of such value that i really dont care about a market correction etc so im thinking of offering. basicly ive got 65-70k deposit talking about offering 135-140k now im a contactor with a basic income at the moment of ballpark 18K so borrowing close to 4x…
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FTBI - Mortgage Help!! 1st application declined - reason poor credit!
Hi My partner and I have applied to the Homebuy scheme for first time buyers; this is a 50% equity loan from the government for a property on the open market. We have put down a reservation fee against a new build property, which is £240 000, of which we only need a mortgage of £115 000. We have £9 000 to cover the £5000…
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Equity Release
Apologies if this is in the wrong section. My parents own a large detached property which comprises one house converted into 2 flats. They have no mortgage but need to raise some cash. They are considering selling the lower flat which I used to live in but is now empty. This flat is worth £250k however the property as a…
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How to work out deal differences?
Good evening, This is driving me mad, how do i work out which is deal is the cheapest? I am looking at fixed rate 3 to five year mortgages but need to work out if paying the early repayment charge of £810 plus £100 exit fee on my existing mortgage is worth while against various other new mortgages i.e fee, no fee,…
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"All in One" Mortgages
My fixed rate with Lloyds TSB has come to an end, and I am considering either 'The One Account' or 'Virgin One Account'. My current mortgage is £105K, and house is worth double that.... Don't have much in the way of savings or loans. Are the benefits are great as their site claims? What are the pitfalls? Why isn't everyone…
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mortgage offers
My hubby flat rate is £23000 a year and he has just started his job, however he will make alot more because his job includes offshore work. Is this taken into account when we apply for a mortage? We have 65K in equity and wanting to purchase a house which is £170000. Is this doable. We dont want to leave ourselves…
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Overall Cost for comparison
Good evening, We are just about to purchase a new house and need to change/increase our mortgage. If I am looking at fixed rate mortgages what is more important the fixed rate over the set period or the overall cost for comparison. I will be looking to change/renegotiate after the fixed rate changes? Thanks.
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Advice on term on new mortgage
Hi I am just after some advice if possible as i'm getting slightly confused on what to do for the best!! Basically, i have a current mortgage with Nationwide, £113000, interest rate of 4.59% and a term of 21 years 10 months. I want to borrow an additional £63000, interest rate of £5.34 at 25 years - again with Nationwide.…
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disagree with credit rating
Can anyone help when my husband died 3yrs ago the mortage was not paid off because we were missold a mortgage protection policy but that is another story. Because of this I had to sell my house and at the moment i am living with my son. I have now found a house to buy and my broker got me a really good deal with Abbey. I…
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pension mortgages
Hi all, I was wondering if its still possible to get pension mortgages? and what do people think of them? Also is it possible to get a european mortgage at much lower interest rate?
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Abbey sucks
Been trying to access my online account since Saturday without success "Service temporarily unavailable" Been on the phone :money: for ............. ever and no answer. If it wasn't serious it would be funny :mad:
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Is self cert possible at less than 10% deposit?
Our son would like to get a FTB mortgage of about £100k and is self employed. We are very happy to support both his application via guarantorship (if this is relevant) and his subsequent repayments. We have a 100% clean credit record and an outstanding mortgage of our own of £157k secured against our main residential…
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Shared appreciation mortgage
the Bank of Scotland (BOS) issued these Mortgages in the early 90's, does any body know how to cap the outrageous profit BOS are making, or does any one know of an organisation against the BOS SanlorenzoR
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what should I do to pay off mortgage
Hi I have a very small mortgage by todays standards, only £25000 over a 25 year period, I have been paying it of monthly for the last 2.5 yrs, last week I received a junk mail offering loans, I noticed that I could get a loan for 20000 over 84 mths and only pay 4000 interest, a massive saving,this has started me thinking…
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gmac
is any one better than this compamy ? ned a no fee remortgage in an iva but was badly advised about it thanks Paul.
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Mortgage Arrangement Fees
Hi all Just wondering if you could help me?? I keep getting conflicting advice as to which mortgage to choose. I am wanting a fixed rate, i am a first time buyer with a low overall mortgage. Ive been told conflicting things as to whether to have larger arrangement fees with a lower interest rate or a mortgage with little…
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Conveyance advice please
I have received a quote from a local solicitors. for a new build 135k 2bed apartment on shared ownership. Legal Charges on Leasehold Property £575 (including acting for your Mortgage Lender) Total inc VAT £675 approx Disbursements: Local Authority Search Fee £100 Environmental Search Fee inc VAT £39 Drainage Search inc VAT…
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Getting a mortgage when already got one?
Hi all, Just wondered if the fact that my boyf already has a mortgage (that he rents out) would stop us getting a mort together? My OH already has a mortgage of £700 per month, which he rents out at £500 per month (yes I know, but long story). My first dip into mortgages so be gentle with me! :p C xx
